St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-20
A Little More Interest Centered In
Wheat on the Chicago Board
Yesterday.
Speculative Trading Was a Trifle
Larger, Although the Opening
Was Weak,
Transactions in the Financial Circles
of Wall Straightforward
Quotations.
Special to the Globe.

HpeCltll 10 llle GlODe.
CHICAGO, Sept 19.-The grain market
opened off this morning, October wheat
starting at 6ssS@ 6SIac and declining at once
10 6S14@6Sssc. December began at II s4c
and declined TO 71lac October corn opened
at 40ssc and May at 44lsc. Wheat and corn
both tirmed up slightly after the first rush to
sell was over. Ribs opened steady, with
good many buying orders in the hands of
brokers' The wheat market developed
strength the statement of stocks came in
from other cities. Before noon it became
evident that instead of an increase of 1000
600 bu in the visible supply there would be
only a small increase, if any. The official
announcement that the total showed an act
ual decrease was an astonisher-159, 900
bu. Such thing at this time of
the year was almost unheard of.
From 6S7sc, october advanced TO 6Ss4c, while
December crawled up from II to 71ssc, and
May 76l2c to 76s4c During the past week
local stocks diminished fully 100000
bu and shippers report a good business.
Winter wheat now commands Sc premium
over spring against 1c last year and Detroit
and Toledo are considerably above Chicago.
The total visible stocks are 16,500,000
bu greater than last year. In the local
market there was a good undertone of
strength with good list of scattering buying
orders. Trade, however, could be classed as
light There was very heavy dumping of
September corn on Saturday but notwith
standing his the shipping demand keeps up
without abatement. Brokers were picking
at fresh receipts in the cash crowd and
brokers i'll the pit were taking September
whenever any was offered. The cash corn
market has been in state of extraordinary
activity for many weeks. The explanation is
plain The Interstate law hoc
diverted the grain carrying trade to the
water. Nearly all the corn that is sent East
now
PASS THROUGH CHICAGO.
This market catches nine-tenths of the re-
celpts, and, OF course, ships proportionately.
New England is the heaviest customer we
have, and not for fifteen years has it been
able to buy on such favorable terms in Chi
cago. AS Il result of this condition of things,
Peoria. st. Louis and the other Western corn
markets are stagnating. 1t is by no means
certain that they will get back the trade when
lake navigation closes. The buying side was
popular in corn after the first half hour
to-day. Receipts for to-day were less than
expected, and estimated carloads for to-mor-
row were S65, or about 200 ears under Sat
urdays estimates Trades were brisk, and
the 1 o'clock range was the best of the
day. There was a substantial advance in ribs
to day. October climbing stealing from $500
to $3.50, the outside being the i O'Clock
price. This is half way back from the bot
tom reached on the slump. January pork
advanced I0c, and lard was sc higher. Lake
charters to-day are 10000 bu of wheat,
100000 blu of corn, and 10000 bu of oats.
Al the afternoon session provisions were I'M
changed, except an easier feeling in short
ribs. There were no material changes in
prices of grain. Wheat was trife lower
and corn steady. Prices at 2 80 p. m: Wheat,
67a41617Sc September, 6S34@6S7sc October,
T07sc November, 713sc December, 76s4@
767s May. Corn, 41lsc September and De-
tober, 414c November, 4412c May Oats.
25Ss@25ssc September and October, 29s4c
May. Pork, S12 year, $3.50 January Lard,
$685. September, October and December.
500 May. Short ribs, S9.42l2 September
and October.
THE ROUTINE REPORT.
CHICAGO, Sept. ia little more interest
centered in the wheat market to-day and
speculative trading was trife larger The
opening was rather weaker. and prices
1s@14c lower, but rallied fraction on some
covering of shorts and then again reacted.
ruling weak, due to liberal receipts at Mime
apolis Later, recovered 3sc, ruled firm.
which was the result of some buying based
on indications that the visible supply would
show decrease, and held steady when the
of $4,000 bu, and closed about 4c higher
than Saturday. Cables were duh. Receipts
at II points aggregated $4,000 bu from
three ports. There were some export orders
the advance in through European freights
checked trade. October opened at 6Sss@
6sl2c, ranged from 6Sas@.69c, and closed at
69l2@ 6s3sc. Corn sold to-day within SEC
range The opening prices were the lowest
for the day being from CSC under the
closing of Saturday. October opened at
4Ossc, sold at 41c. then back to 4Os4c, and
returned to 4lc at l p. M, closing lac higher
showing net gain of 14c over the final fig.
ureS OF Saturday. Trading was almost en-
tirely local and was of rather small volume.
The pulls were decidedly cautious.
Oats were quiet and featureless BUYERS
and sellers being both in small attendance.
there was nothing to cause important f1uctu-
at1ons, and prices did not vary materially
from Saturdays closing quotations.
PROVISIONS were Steadier but business was
OF reduced volume. Offerings were lighter
A few buying orders came in, and in exc
euung the prices were bid up 1880 for pork
PFC for lard, 3oc for October short ribs, and
Ilec for January, but lard and short ribs, es-
peclally nearby months, declined 2laGl7yoc
before the close of the afternoon session.
Lard Lard for tr October sold at S6.32l2@6. 37l.,
Der short ribs sold SIS, 22la@S 80. and closed
at SS.42l2; January, S6.25@63 80. Pork at
$l22O@123O. a.
THE QUOTATIONS.
Inc leading futures ranged as follows.
Mheat-No. September, 67l2c, closing at
6Ts4c; october, 6Sssc, closing at 6s4c: No.
yember, 69s4c, closing at 7GIsc: December,
Il4c, closing gt z 1ssc. Corn-No. Sep
tember. 40ssc, closing at 411hc; October
4OSsc, closing at 41Isc; November, 4O7sc
closing at Al Ac; May, 441ac. closing at 44I2c
Oats-No. September, 251sc, closing at
Zolsc; October 25lsc, closing at 25Ac: No
Vember, 25S4c, closing at 35S4c; May 29ac,
closing at 29a4c. Mess pork per bbl-Year.
$l2;; January, 81. 20, closing at $3.50.
Lard, per 100 lbs-September, Sc. 32l2, clos
ing at So October, 6.32I2, closing al
So So; November, $3.50, closing at Sc. 32I2;
January, $3.50. Short ribs, per 100 lbs
September, S.22l2, closing at S.. 421a; Octo-
Der, So. 22ls. closing at SO 42Is;
January, S6.25, closing at ST. 27I2.
cash quotations were as follows: Flour.u quite
strong; wheat-No. 2 spring, 677s16Sc; No.
3spring, 64l2c; No. 2 red, 7O14@7OIac; corn
No. 2, 41c; Oats-No. 2, 25c asked; Rye
No. 2, 4Ic; Barley-No 2, 15c; fax seed
No. i, S1.O312: timothy seed-prime, S2.2IM
2.22; mess pork-per Dbl, Sl5@15. 25; lard
per hundred lbs, So $500. 37l2c; short ribs
sides Qoose), $3.50: shoulders-dry sailed
(So1ed ss7Sasso S WSisky@disi HleaF
finished goods, per gal, S1.15: sugar-cut
loaf, 67s17c; graduated, 6ssc asked: stand.
ard A, 6ls06Hc: receipts-iour, bbls. 27.
600; wheat. Blu, $4,000; corn. bu 4S4. LOCO:
oats. bu, 16S, 900; rye, bu, 1000: barley, blu,
10000; shipments-four, bbls, $4,000;
wheat, bu, 232, 900: corn, bu, 74S,O0O; oats,
bu, 900; rye, bu, $4,000; barley, blu,
1900; on the produce exchange to-day,
the butter market was steady; creamery, 17@
24c; dairy, 15l2@19c: eggs trife easier
fresh northern, 1G@17c.